Franco-Nevada (TSE:FNV) PT Lowered to C$205.00

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price trimmed by BMO Capital Markets from C$207.00 to C$205.00 in a report published on Thursday morning, BayStreet.CA reports.

Several other analysts have also weighed in on the stock. National Bankshares decreased their target price on shares of Franco-Nevada from C$172.50 to C$170.00 and set a sector perform rating on the stock in a research report on Thursday, March 7th. Veritas Investment Research lifted their price objective on Franco-Nevada from C$149.00 to C$173.00 in a report on Friday, April 12th. Stifel Nicolaus increased their target price on Franco-Nevada from C$182.00 to C$196.00 and gave the stock a buy rating in a report on Friday, April 19th. Scotiabank cut their target price on Franco-Nevada from C$141.00 to C$139.00 and set a sector perform rating for the company in a research report on Thursday, March 7th. Finally, Canaccord Genuity Group upped their price target on Franco-Nevada from C$168.00 to C$177.00 in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$191.50.

Franco-Nevada Price Performance

Shares of TSE:FNV opened at C$168.57 on Thursday. The firm has a market capitalization of C$32.42 billion, a PE ratio of -49.00, a PEG ratio of 5.00 and a beta of 0.63. The company has a current ratio of 29.40, a quick ratio of 23.26 and a debt-to-equity ratio of 1.63. Franco-Nevada has a 1-year low of C$139.19 and a 1-year high of C$215.24. The business’s 50 day moving average is C$158.87 and its 200-day moving average is C$156.39.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last issued its earnings results on Tuesday, March 5th. The company reported C$1.23 EPS for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The firm had revenue of C$412.95 million during the quarter. Franco-Nevada had a negative return on equity of 7.75% and a negative net margin of 39.96%. Sell-side analysts predict that Franco-Nevada will post 4.5510259 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be given a dividend of $0.487 per share. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from Franco-Nevada’s previous quarterly dividend of $0.48. This represents a $1.95 dividend on an annualized basis and a yield of 1.16%. Franco-Nevada’s dividend payout ratio is -57.56%.

Insider Buying and Selling at Franco-Nevada

In related news, Director Paul Brink sold 3,445 shares of Franco-Nevada stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total value of C$547,513.85. In other Franco-Nevada news, Senior Officer Sandip Rana sold 10,749 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$160.29, for a total transaction of C$1,722,952.91. Also, Director Paul Brink sold 3,445 shares of Franco-Nevada stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. In the last quarter, insiders sold 16,839 shares of company stock worth $2,686,396. 0.69% of the stock is currently owned by insiders.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.